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Chaebol chiefs to join Trump's investment forum at Mar-a-Lago
Leaders of South Korea’s major conglomerates are set to attend an investment forum at US President Donald Trump’s Mar-a-Lago resort in Florida, joining about 70 global firms invited by SoftBank founder Masayoshi Son, according to industry sources Thursday. It marks the first time that Korea’s top business leaders visit Trump’s private residence together, with speculations that they could also join him for a round of golf over the weekend. The meeting, which will mainly bring together Korean, Jap
Oct. 16, 2025 -
Samsung to take on Apple, Meta with new XR headset ‘Project Moohan’
Samsung Electronics is set to enter the global extended reality (XR) headset race in earnest next week with the unveiling of “Project Moohan” — a direct challenge to Apple’s Vision Pro and Meta’s Quest lineup. The new device, jointly developed with Google and Qualcomm, will debut at a Galaxy Unpacked online event on Oct. 22 at 11 a.m. under the slogan “Worlds Wide Open – A New Era of Multimodal AI.” Powered by Qualcomm’s Snapdragon XR2+ Gen 2 chip, the headset features dual 4K micro-OLED display
Oct. 15, 2025 -
Science, industry, SME ministries sign MOU to collaborate on AI transformation
Government ministries for science, industry and small and medium-sized enterprises on Wednesday signed a memorandum of understanding to enhance artificial intelligence transformation across domestic industries, the ministries said. The Ministry of Science and ICT, the Ministry of Trade, Industry and Resources and the Ministry of SMEs and Startups agreed that the government should take an active role as the rapid advancement of AI technology brings a new paradigm across industries, while local co
Oct. 15, 2025 -
LG India’s blockbuster IPO signals new phase of growth
LG Electronics’ Indian unit went public Tuesday on the local stock exchange, with shares soaring more than 50 percent on its first day of trading, underscoring the South Korean tech giant’s decadeslong driving to become a household name in the world’s most populous consumer market. The shares rose as high as 1,710 rupees ($19.26) in early trading, more than 50 percent beyond its IPO initial public offering of 1,140 rupees — the upper end of its price band. The Indian unit's value was estimated t
Oct. 14, 2025 -
US-China trade clash rattles Korean chipmakers amid rare earth curbs
The latest tit-for-tat trade measures between the United States and China are rattling South Korean chipmakers, as Beijing tightens controls on rare earth exports and Washington retaliates with sweeping tariffs — deepening fears over the stability of global technology supply chains. China last week imposed new export restrictions on rare earth minerals and related intellectual property, just weeks ahead of a potential meeting between Chinese President Xi Jinping and US President Donald Trump in
Oct. 14, 2025 -
Samsung’s chip rebound drives earnings surprise
Samsung Electronics on Tuesday projected a sharp rebound in its third-quarter earnings, estimating an operating profit of 12.1 trillion won ($8.46 billion), up 31.8 percent from a year earlier, according to its earnings guidance. The figure marks the first time in five quarters that the Korean tech giant’s operating profit has exceeded the 10 trillion won threshold. It also represents the company’s strongest quarterly performance since the second quarter of 2022, when it logged 14.1 trillion won
Oct. 14, 2025 -
Google accused of ‘free-riding’ on Korean networks
Google may have avoided paying up to 347.9 billion won ($244 million) in network usage fees in 2024, a Korean lawmaker claimed Monday, reigniting debate over global tech firms’ alleged “free-riding” on the nation’s internet infrastructure. Rep. Choi Soo-jin of the main opposition People Power Party, who sits on the National Assembly’s Science, ICT, Broadcasting and Communications Committee, said her independent analysis suggests that Google’s unpaid fees likely range from 214.7 billion won to 34
Oct. 13, 2025 -
SK AI Summit 2025 to unite tech leaders in Seoul
SK Group announced Sunday that it will host the “SK AI Summit 2025” at Coex, in southern Seoul, on Nov. 3-4. The annual summit will present the group’s latest artificial intelligence initiatives across semiconductors, energy solutions, AI data centers and agent services while sharing global AI trends with leading technology firms. This year’s event, themed “AI Now & Next,” aims to assess the current state and future direction of AI. Key speakers will include SK Group Chair Chey Tae-won, Anthropi
Oct. 12, 2025 -
US jury orders Samsung to pay $445.5 mln in patent infringement suit: reports
A US federal jury has ordered Samsung Electronics to pay US$445.5 million in damages after finding that the South Korean company infringed multiple wireless network technology patents held by an American firm, according to foreign media reports Saturday. According to the reports from Reuters and other outlets, the federal jury in Marshall, Texas, ruled Friday (US time) that Samsung violated four patents owned by Collision Communications, a New Hampshire-based company specializing in wireless net
Oct. 11, 2025 -
Intel overtakes Samsung, TSMC in 2 nm race, but yields raise doubts
Intel has jumped ahead of Samsung Electronics and Taiwan’s TSMC in the next-generation chip race, announcing mass production of 1.8-nanometer chips and intensifying competition in the world’s most advanced contract chip manufacturing sector. The chip giant on Thursday unveiled its Panther Lake CPU architecture, its first AI PC platform built on the 18A process node, which will be adopted in laptops later this year. The new chips, built at Intel's Ocotillo Fab 52 facility in Arizona, will be laun
Oct. 10, 2025 -
iPhone criticized for 20-second delay in emergency location sharing
Apple’s iPhone is facing criticism in South Korea for providing only limited location data and taking longer to transmit it to emergency responders than Android smartphones, sparking safety concerns for the nation's roughly 10 million iPhone users. According to meeting records obtained by The Herald Business, the sister paper of The Korea Herald, the US smartphone giant has repeatedly declined Korean authorities' requests to expand its emergency location sharing to align with domestic standards,
Oct. 10, 2025 -
Korean bio firms tap Bio Japan 2025 to bolster global opportunities
YOKOHAMA, Japan -- Korea’s small and medium-sized biopharmaceutical and biotechnology companies went all out this week looking for business opportunities to expand their global reach at Bio Japan 2025. Dozens of Korean firms took part as exhibitors and business partners at the 39th Bio Japan, Asia’s largest biotechnology and biopharmaceutical exhibition, held from Wednesday to Friday in Yokohama, Japan. Held at the Pacifico Yokohama under the theme of regenerative medicine and health technology,
Oct. 9, 2025 -
Uber bets on Naver partnership to break Kakao’s 90% ride-hailing grip
In a bold move to crack South Korea’s tightly controlled ride-hailing market, Uber Technologies is joining forces with internet behemoth Naver to take on Kakao Mobility, the operator of the country’s leading taxi-hailing service Kakao T. Uber has launched its subscription-based loyalty program, Uber One, exclusively for Naver Plus Membership users in early October. The rollout is part of Uber’s broader strategy to expand its foothold in Korea by leveraging Naver’s vast digital ecosystem and cust
Oct. 8, 2025 -
Nearly 60% of S. Koreans fear lagging behind in AI-driven investment
Nearly 60 percent of South Koreans feel a sense of anxiety about falling behind the trend of using generative artificial intelligence models to help with investments, a survey showed Monday. According to the poll by the Korea Press Foundation on 1,000 South Koreans, 59.1 percent of respondents expressed unease over lagging behind the trend of using AI for investment advice. Respondents in their 30s posted the highest ratio among all age groups with 64.5 percent, the survey showed. "The figure in
Oct. 6, 2025 -
OpenAI officials tour Samsung Electronics' chip plant
OpenAI officials have toured Samsung Electronics Co.'s semiconductor manufacturing facilities in South Korea following a partnership deal for its Stargate project, sources said Thursday. According to the sources, six research and development (R&D) staff from OpenAI visited Samsung Electronics' Pyeongtaek Campus, the company's largest chip plant located about 70 kilometers south of Seoul, on Wednesday. The site produces about half of Samsung Electronics' dynamic random access memory (DRAM) wafers
Oct. 2, 2025